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Business Segments
 9 Months Ended
Sep. 30, 2016
Segment Reporting, Measurement Disclosures [Abstract]  
Business Segments
BUSINESS SEGMENTS
Beginning in the first quarter of 2016, the Invalco product line, formally reported in the results of Surface Technologies, is now reported in Energy Infrastructure. In addition, beginning in the first quarter of 2016, the UCOS® product group, formally reported in the results of Energy Infrastructure, is now reported in Subsea Technologies. Prior year information has not been restated due to the immateriality of these businesses.
The results of our equity method joint ventures, FTO Services and Forsys Subsea, are included in the results of operations and capital employed of the Subsea Technologies segment. Refer to Note 8 for additional information.
Segment revenue and segment operating profit were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2016
 
2015
 
2016
 
2015
Segment revenue
 
 
 
 
 
 
 
Subsea Technologies
$
798.4

 
$
1,093.7

 
$
2,516.6

 
$
3,490.3

Surface Technologies
218.1

 
361.0

 
702.3

 
1,170.6

Energy Infrastructure
77.1

 
97.1

 
246.3

 
299.4

Other revenue (1) and intercompany eliminations
(2.4
)
 
(6.8
)
 
(15.0
)
 
(24.9
)
Total revenue
$
1,091.2

 
$
1,545.0

 
$
3,450.2

 
$
4,935.4

Income before income taxes:
 
 
 
 
 
 
 
Segment operating profit (loss):
 
 
 
 
 
 
 
Subsea Technologies
$
119.7

 
$
170.7

 
$
326.4

 
$
522.9

Surface Technologies
(19.6
)
 
(22.5
)
 
(69.9
)
 
67.9

Energy Infrastructure
2.5

 
(2.0
)
 
7.0

 
6.2

Intercompany eliminations
(0.1
)
 
—

 
0.1

 
—

Total segment operating profit
102.5

 
146.2

 
263.6

 
597.0

Corporate items:
 
 
 
 
 
 
 
Corporate expense (2)
(14.2
)
 
(14.7
)
 
(41.6
)
 
(45.0
)
Other revenue (1) and other expense, net (3) 
(43.8
)
 
(21.9
)
 
(126.6
)
 
(77.8
)
Net interest expense
(7.7
)
 
(8.1
)
 
(22.8
)
 
(24.4
)
Total corporate items
(65.7
)
 
(44.7
)
 
(191.0
)
 
(147.2
)
Income before income taxes attributable to FMC Technologies, Inc. (4)
$
36.8

 
$
101.5

 
$
72.6

 
$
449.8

 _______________________  
(1) 
Other revenue comprises certain unrealized gains and losses on derivative instruments related to unexecuted sales contracts.
(2) 
Corporate expense primarily includes corporate staff expenses.
(3) 
Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, certain foreign exchange gains and losses, and the impact of unusual or strategic transactions not representative of segment operations.
(4) 
Excludes amounts attributable to noncontrolling interests.
Segment operating capital employed and assets were as follows: 
(In millions)
September 30, 2016
 
December 31, 2015
Segment operating capital employed (1):
 
 
As Adjusted
Subsea Technologies
$
2,144.0

 
$
2,025.7

Surface Technologies
760.6

 
911.9

Energy Infrastructure
264.0

 
281.5

Total segment operating capital employed
3,168.6

 
3,219.1

Segment liabilities included in total segment operating capital employed (2)
1,417.3

 
1,806.1

Corporate (3)
1,377.8

 
1,394.2

Total assets
$
5,963.7

 
$
6,419.4

Segment assets:
 
 
 
Subsea Technologies
$
3,251.5

 
$
3,512.3

Surface Technologies
990.6

 
1,131.9

Energy Infrastructure
363.1

 
396.7

Intercompany eliminations
(19.3
)
 
(15.7
)
Total segment assets
4,585.9

 
5,025.2

Corporate (3)
1,377.8

 
1,394.2

Total assets
$
5,963.7

 
$
6,419.4

  _______________________  
(1) 
FMC Technologies’ management views segment operating capital employed, which consists of assets, net of its liabilities, as the primary measure of segment capital. Segment operating capital employed excludes debt, pension liabilities, income taxes, and LIFO and valuation adjustments.
(2) 
Segment liabilities included in total segment operating capital employed consist of trade and other accounts payable, advance payments and progress billings, accrued payroll and other liabilities.
(3) 
Corporate includes cash, LIFO adjustments, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.